Volume 8, No. 14

 

A Restructuring Reserve Review:  Restructuring actions, a mainstay of poor financial reporting for years, have gained new prominence since mid-October. Whispers are now frequently heard about firms that may be subject to SEC review because of improperly accrued - or reversed - restructuring charges. Whether or not rumors and allegations about specific firms are true, misconceptions abound in the user community about how restructuring charges and "reserves" originate and expire. This report outlines the basics of the accounting standards that govern the life cycle of restructuring reserves.

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